Law360 (April 6, 2020, 10:42 PM EDT) — The Second Circuit should reverse a lower court order blocking Telegram from distributing $1.7 billion of its Gram digital tokens, the Blockchain Association wrote in an amicus brief.
The Blockchain Association, a major industry group in the blockchain and digital asset space, urged the U.S. Court of Appeals for the Second Circuit in a filing on Friday to take a close look at U.S. District Court Judge P. Kevin Castel’s March 24 order in the Southern District of New York that granted the U.S. Securities and Exchange Commission’s preliminary injunction against Telegram.
The group asked the Circuit Court to undo the…
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